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| Re: So, if the dollar bill were eliminated... (917181) | |||
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Re: So, if the dollar bill were eliminated... |
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Posted by GP38/R42 Chris on Tue Mar 6 10:57:27 2012, in response to Re: So, if the dollar bill were eliminated..., posted by WMATAGMOAGH on Tue Mar 6 10:49:04 2012. They may use them in the same way they use quarters and stuff today.....get them as change, but rarely redistribute them. The savings is highly exaggerated, as it will never be a straight "one dollar coin for every dollar bill". You will need at least 2 to 3 to 4 dollar coins for every dollar bill currently in circulation, as there is absolutely no doubt a large percentage of them will always be horded in containers, whereas just about no one hordes dollar bills in containers. Thus, you will always need more coins than you would need bills. That effect would be lessened if you had 2 dollar bills, but using 2 dollar bills with dollar coins in stead of dollar bills will have very little change on "savings" as again, you will not have an even exchange of $2 bills and coins in the same value for every dollar bill out there. (meaning you won't need only half the amount of $2 bills for every $1 bill), because people will still be hording the dollar coins in containers. For example for every let's say 20 bills of value of $20 single dollar bills you have in circulation, you won't just need 10 $2 bills for that value of $20, you would probably need 14 or 16 $2 bills for the 20 $1 bills, not just 10. |
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